Emelita's Group

Emelita P. is from the village of Lapinig, Kapatagan, Lanao Del Norte. She is 49 years old. Emelita is the leader of a 3-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Emelita is married and has 2 school-aged children. Emelita owns & operates a manufacturing business. The main source of income is the manufacture of bamboo products which are sold to local businesses and community members. Emelita has been engaged in her business for over 18 years and earns approximately 5000 PHP a month.

In 2010, Emelita joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Emelita is requesting a new loan of 5000 PHP which will be used to purchase raw materials to manufacture additional products. This loan will be the first loan taken out by Emelita from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About GDMPC

Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.